Qatar First Investment Bank (QFIB) and Ithmar Capital, a regional private equity firm, have launched a new healthcare platform, which will seek to capitalise on the extensive growth opportunities for the sector in the GCC.

This healthcare platform represents the first collaboration between QFIB and Ithmar Capital combining their region-wide resources and expertise. This partnership is QFIB’s first venture in the healthcare sector.

QFIB and Ithmar Capital jointly announced the completion of their first healthcare initiative - a strategic equity partnership with Al Noor Medical Company. Al Noor Medical Company, based in the UAE, is a state-of-the-art institution offering a full array of healthcare services.

“Today we are launching an important regional initiative in the growing GCC healthcare market. The platform is innovative, market leading and we are very pleased to be partnering with Ithmar on this exciting project,” said Abdulla bin Fahad bin Ghorab Al Marri, chairman of QFIB.

“Our alliance with QFIB is an optimal fit, leveraging on the bank’s extensive shareholder network in Qatar and Saudi Arabia,” added Faisal Belhoul, managing partner and founder of Ithmar Capital.-TradeArabia News Service